Property Investment Information

It might be a recession, but for those who can afford the deposit the housing market is the most affordable it has been in four years.

The latest figures show the average home buyer will pay nearly $118 less per week on their mortgage.

Reduced house prices and tumbling mortgage rates mean buying a house is cheaper but the situation for those looking to sell remains grim. Read the rest of this entry »

Hundreds of New Zealanders are offloading their holiday homes and seaside baches – and some are going to desperate measures to sell up.

Estate agents report bargains galore for coastal property investors, with some homes and baches selling below government valuations.

Economic commentators debate the benefit of owning a second home in a holiday hotspot. Read the rest of this entry »

Mortgagee sales are tipped to quadruple in two years, and at least one expert is predicting an Auckland surge much sooner.

Property watchers say many homeowners are struggling as high interest rates, tightening credit, job losses and falling values hit home.

Bernard Hickey, managing editor of interest.co.nz, predicted the number of mortgagee sales would double to quadruple in the next two years. He said property listings on TradeMe and RealEstate.co.nz containing the word “mortgagee” had doubled to almost 400 in the past three months – 0.4 per cent of the total market. Read the rest of this entry »